Pakistan Engineering (Pakistan) Probability of Future Stock Price Finishing Under 698.89
| PECO Stock | 696.37 6.39 0.93% |
Pakistan |
Pakistan Engineering Target Price Odds to finish below 698.89
The tendency of Pakistan Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay under 698.89 after 90 days |
| 696.37 | 90 days | 698.89 | about 10.84 |
Based on a normal probability distribution, the odds of Pakistan Engineering to stay under 698.89 after 90 days from now is about 10.84 (This Pakistan Engineering probability density function shows the probability of Pakistan Stock to fall within a particular range of prices over 90 days) . Probability of Pakistan Engineering price to stay between its current price of 696.37 and 698.89 at the end of the 90-day period is near 1 .
Assuming the 90 days trading horizon Pakistan Engineering has a beta of -0.23 indicating as returns on the benchmark increase, returns on holding Pakistan Engineering are expected to decrease at a much lower rate. During a bear market, however, Pakistan Engineering is likely to outperform the market. Additionally Pakistan Engineering has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Pakistan Engineering Price Density |
| Price |
Predictive Modules for Pakistan Engineering
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Pakistan Engineering. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Pakistan Engineering Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Pakistan Engineering is not an exception. The market had few large corrections towards the Pakistan Engineering's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Pakistan Engineering, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Pakistan Engineering within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.42 | |
β | Beta against Dow Jones | -0.23 | |
σ | Overall volatility | 90.47 | |
Ir | Information ratio | -0.13 |
Pakistan Engineering Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Pakistan Engineering for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Pakistan Engineering can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Pakistan Engineering generated a negative expected return over the last 90 days | |
| Pakistan Engineering has high historical volatility and very poor performance |
Pakistan Engineering Technical Analysis
Pakistan Engineering's future price can be derived by breaking down and analyzing its technical indicators over time. Pakistan Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Pakistan Engineering. In general, you should focus on analyzing Pakistan Stock price patterns and their correlations with different microeconomic environments and drivers.
Pakistan Engineering Predictive Forecast Models
Pakistan Engineering's time-series forecasting models is one of many Pakistan Engineering's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Pakistan Engineering's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Pakistan Engineering
Checking the ongoing alerts about Pakistan Engineering for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Pakistan Engineering help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Pakistan Engineering generated a negative expected return over the last 90 days | |
| Pakistan Engineering has high historical volatility and very poor performance |